I've had one recent multifamily deal in Florida exit with a 32% IRR and one hotel deal in Atlanta refinance and return 110% of the original invested capital through dividends and the refinance and the hotel continues to make regular 16% distributions.  

Intent is to get the foundation blessed off by a Civil Engineer and save about $15K in foundation costs as the original design was for a 3400 sf house.

Originally posted by @Glenn McCrorey:BP brothers and sisters,  I quit the last job I will ever have today to focus on RE investing. 

I missed your original post and just saw this now.

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

DSCR loans are great products for those who need them, and we originate them everyday.

Backstory: 22 years old about to get out of military after first contract. 70k cash saved up & 775 credit score, no debt.

I also though people would be more helpful and such, but that is not really the case for me and have decided to go back to my original plan of just simply going through the banks and getting experience before I cold call again and door knock.

It’s always good advice for someone doing a 1031 to actually have their replacement property under contract when they sell the original property, but few actually do this.

If you intend to vacate, the original lease agreement states you have to provide a 30 day written notice of your intent to vacate.